The EURJPY prepares for new decline – Analysis – 30-4-2019
Economies.com
2019-04-30 06:48AM UTC
The EURJPY pair was forced to form intraday positive rebound recently after recording 124.10 level, attempting to get new negative momentum to assist to reach new negative stations in the upcoming period, noticing the price fluctuation within the bearish channel along with the moving average 55 forming additional barrier at 125.75.
Therefore, we will wait to get new negative momentum to increase the chances of reaching our target at 123.50, and breaking this barrier will extend trades towards 122.00 on the medium term basis.
The expected trading range for today is between 125.45 and 123.90
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows new positive trades now, ...
Forex
The AUDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price resumes its positive trading ...
Forex
The GBPUSD forecast update 25-04-2024
2024-04-25 09:42AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price rallies upwards strongly to ...